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LG Chem, Japan’s Toray set up JV to manufacture battery separators in Hungary

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Strategic Partnerships

LG Chem and Toray both plan to invest more than USD855 million in the JV in stages

Leading Korean chemical company LG Chem plans to join forces with Japan’s Toray to set up a joint venture in Europe wherein the two companies will manufacture separators for secondary batteries, targeting the European separator market, the company announced on 27 October.

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